USD/SGD - 1H - Technical analysis published on 12/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3378 SGD
My targets
1.3464 SGD (+0.0048)
1.3548 SGD (+0.0132)
My analysis
USD/SGD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3378 SGD. The next resistance located at 1.3464 SGD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3548 SGD. After this resistance, buyers could then target 1.3606 SGD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/SGD rating is 1.3416 SGD. The price has increased by +0.29% since the last closing and was between 1.3367 SGD and 1.3420 SGD. This implies that the price is at +0.37% from its lowest and at -0.03% from its highest.1.3367
1.3420
1.3416
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/SGD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3367 | 1.3378 | 1.3409 | 1.3416 | 1.3424 | 1.3464 | 1.3548 |
| Change (%) | -0.37% | -0.28% | -0.05% | - | +0.06% | +0.36% | +0.98% |
| Change | -0.0049 | -0.0038 | -0.0007 | - | +0.0008 | +0.0048 | +0.0132 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3258 | 1.3288 | 1.3333 | 1.3363 | 1.3408 | 1.3438 | 1.3483 |
| Camarilla | 1.3356 | 1.3363 | 1.3370 | 1.3377 | 1.3384 | 1.3391 | 1.3398 |
| Woodie | 1.3265 | 1.3292 | 1.3340 | 1.3367 | 1.3415 | 1.3442 | 1.3490 |
| Fibonacci | 1.3288 | 1.3317 | 1.3335 | 1.3363 | 1.3392 | 1.3410 | 1.3438 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3155 | 1.3220 | 1.3278 | 1.3343 | 1.3401 | 1.3466 | 1.3524 |
| Camarilla | 1.3303 | 1.3315 | 1.3326 | 1.3337 | 1.3348 | 1.3360 | 1.3371 |
| Woodie | 1.3153 | 1.3218 | 1.3276 | 1.3341 | 1.3399 | 1.3464 | 1.3522 |
| Fibonacci | 1.3220 | 1.3267 | 1.3296 | 1.3343 | 1.3390 | 1.3419 | 1.3466 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2758 | 1.3021 | 1.3196 | 1.3459 | 1.3634 | 1.3897 | 1.4072 |
| Camarilla | 1.3251 | 1.3291 | 1.3331 | 1.3371 | 1.3411 | 1.3451 | 1.3492 |
| Woodie | 1.2714 | 1.2999 | 1.3152 | 1.3437 | 1.3590 | 1.3875 | 1.4028 |
| Fibonacci | 1.3021 | 1.3188 | 1.3292 | 1.3459 | 1.3626 | 1.3730 | 1.3897 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 71.74 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 7.1832 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.3400 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3375 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.3366 | |
| Zig ZAG (10): | 1.3418 | |
| VORTEX (21): | 1.0558 | |
| Stochastique (14,3,5): | 85.50 | |
| TEMA (21): | 1.3404 | |
| Williams %R (14): | -2.33 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | 0.2801 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0085 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1.3356 | |
| MA20: | 1.3437 | |
| MA50: | 1.3577 | |
| MA100: | 1.3546 | |
| MAexp7: | 1.3400 | |
| MAexp20: | 1.3389 | |
| MAexp50: | 1.3375 | |
| MAexp100: | 1.3367 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -1.19% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.37% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on USD/SGD at the time of the analysis were as follows:
-
USD/SGD and USD/ZAR Forecast May 17, 2022
-
USD/SGD and USD/ZAR Forecast February 28, 2022
-
USD/SGD and USD/ZAR Forecast February 9, 2022
-
USD/SGD "To Hit 2009 Highs"
-
USD/SGD Weakening Trend
This member declared not having a position on this financial instrument or a related financial instrument.
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